FIFOFEFOkäytäntöjä

FIFO FEFO käytäntöjä, known in English as FIFO (First-In, First-Out) and FEFO (First-Expired, First-Out) methods, are inventory management techniques used to determine the order in which goods are sold or used. These practices are crucial for businesses dealing with perishable or time-sensitive products.

The FIFO method assumes that the oldest inventory items are sold or used first. This approach is ideal for products with a long shelf life or where obsolescence is not a primary concern. By moving older stock out first, businesses can minimize the risk of items expiring or becoming outdated, thereby reducing waste and potential losses. It is commonly used in retail for general merchandise and in manufacturing for raw materials that do not degrade quickly.

The FEFO method, on the other hand, prioritizes the sale or use of inventory based on its expiration date. Items with the earliest expiration dates are designated to be sold or used first, regardless of when they were received into inventory. This method is paramount for industries dealing with perishable goods, such as food and pharmaceuticals. Implementing FEFO ensures that products are consumed before they spoil, maintaining product quality and safety, and complying with regulatory requirements.

Both FIFO and FEFO require careful tracking and organization of inventory to be implemented effectively. Businesses often use inventory management systems to automate the process, ensuring that the correct items are picked for sale or use according to the chosen policy. The selection between FIFO and FEFO depends on the nature of the products and the business's operational objectives, with the ultimate goal being efficient stock rotation and minimal waste.